The Treasury Department can limit executive compensation at GM, AIG and Ally Financial because it owns stock in all three companies as a result of bailing them out in the 2008 financial crisis. The U.S. government still owns about 26.5% of GM stock.
AIG still owes taxpayers around $50 billion. General Motors owes about $25 billion. Ally Financial about $12 billion.
Akerson in 2011 received $9 million in total compensation, including a $1.7-million salary, $2 million in long-term restricted stock and $5.3 million in stock salary.